What might a property manager consider when analyzing alternatives?

When analyzing alternatives, a property manager often prioritizes theoretical costs and return on investment from improvements because this directly affects the financial viability of a property. By evaluating potential improvements, a property manager can forecast future income and expenses, which is crucial for making informed decisions that align with the overall financial goals of the property.

Understanding costs and potential return on investment allows the property manager to weigh the benefits of various upgrades or renovations. Such insights help in deciding whether to invest in specific improvements, such as upgrading amenities or enhancing curb appeal, which can significantly attract tenants and increase rental income over time.

In the context of property management, balancing costs against expected returns ensures that decisions support the sound financial management of the property, leading to sustainable growth and profitability.